👉 Consumers Surprise on Spending, But Market Rally Fades Anyway

Good morning. Corporate earnings may be mixed, but consumers are back. Retail sales rose by 1.9..

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

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Good morning. Corporate earnings may be mixed, but consumers are back. Retail sales rose by 1.9 percent, which helped fuel a market rally. However, that rally faded out on Friday afternoon, as ebullient shoppers mean that less stimulus may be needed. That forward-looking notion, against the backdrop of a lackluster earnings season so far, indicates that the stock market can perform well, even as the overall economy continues to struggle. Now heres the rest of the news: Sponsored Content FREE Report: Airbnb Plans Confidential IPO Airbnb will be the biggest IPO of 2020. Yet the company's planning a CONFIDENTIAL IPO. And it's designed to keep important details completely private. Top private equity firms aren't waiting for the IPO. They're scooping up shares right now. And my special report reveals urgent details. Click here to download the FREE report: Inside Airbnb's Confidential IPO. MARKETS DOW 28,606.31 +0.39% S&P 3,483.81 +0.01% NASDAQ 11,671.56 -0.36% *As of market close • Stocks traded mixed into the weekend, with the Nasdaq down and the S&P 500 at breakeven. • Oil dropped 0.5 percent, closing at $40.74 per barrel. • Gold declined 0.3 percent, rising to $1,903 per ounce. • Cryptocurrencies traded mixed, with Bitcoin trading at $11,299. Today's TOP TIPS Retail's Rebound Will Likely Benefit the Big Box Plays With retail numbers beating expectations on Friday, a number of analysts were quick to upgrade the sector. The retail analyst at Cowen & Co., however, sees that many retailers have already been trending higher before these numbers were reported. Even so, many retailers, particularly big-box plays, are likely to continue heading higher. Those stores should benefit from the trend of consumers making their buys in as few locations as possible during the pandemic. » FULL STORY Insider Trading Report: Oncorus (ONCR) Luke Evnin, a director at Oncorus (ONCR), recently added 151,225 shares to his holdings. The value came to over $2.2 million. But he's hardly alone. A number of funds with substantial holdings have also been adding to their stake here. That includes a 1 million share buy from Deerfield Management, and a 325,000 share buy in from Gadicke Ansbert, a major holder. » FULL STORY Unusual Options Activity: General Electric (GE) Over 5,300 contracts traded on a January 2023 $4 call option on General Electric (GE). That's a 19-fold rise in volume against the prior open interest of just 285 contracts. The option, expiring in 823 days, is over $3 in-the-money, given the current share price at $4. For the option buyer to profit at expiration, shares need to trade at $8 or higher. » FULL STORY IN OTHER NEWS • The U.K. prepares for a no-deal Brexit, which may cost the country $25 billion next year. • Retail sales show a 1.9 percent rise in September, more than double estimates. • The FAA streamlines launch rules for commercial rockets. • Pfizer may apply for emergency-use of a Covid-19 vaccine by late November. • Amazon reports its largest Prime Day ever, with a 60% jump in sales over last year. • Twitter changes its hacked materials policy. • Coca-Cola looks to discontinue Tab, its first diet-soda product. • Fastly's warning on earnings is so severe that even competitors see a share drop. S&P 500 MOVERS TOP GE 6.114% ZM 4.213% PFE 3.83% ALK 3.471% WRK 3.38% BOTTOM JBHT 9.729% SLB 8.831% HAL 6.274% XEC 5.265% DVN 4.989% Quote of the Day The strength in August sales is welcome, and consumers in aggregate have the resources — in the form of the huge increase in savings deposits built up since the spring — to finance a strong holiday season.. - Ian Shepherdson, chief economist at Pantheon Macroeconomics, on the strong surge in retail sales and why the trend may continue through the end of the year. Sponsored Content [Download] Airbnb Private IPO Filing Private sources tell The Wall Street Journal… Airbnb plans a confidential IPO in 2020. And you could secure Pre-IPO shares before the stock even starts trading. These Pre-IPO gains are typically 5-times bigger than IPO profits. Do not wait for the IPO. Morgan Stanley and Goldman Sachs will NOT allow regular investors to get IPO shares. Click HERE to download your FREE report. Not sure the best way to get started? 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